PetroBakken Energy Ltd. (Toronto: PBN.TO) has acquired some 4.8 million common shares of TriOil Resources Ltd. at $2.87 per share.
The shares represent 7.5% of the issued and outstanding shares of TriOil. They were acquired through the facilities of the CNSX Pure Trading exchange.
As a result of this acquisition, PetroBakken now owns some 11.1 million common shares of TriOil, representing 17.3% of the total issued and outstanding common shares of TriOil as of the date hereof, on a non-diluted basis.
PetroBakken jointly owns lands, producing oil wells, and facilities ...